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Well, it's a classical breakdown then reversal up so forget about this bear shall have legs. The low might be in for today.
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Rotation from Tech, Finance, and discretion to Health, Utility, and Staples. no crash, just a rotation for a better day. Expectation market to go sideways in days or weeks to come. until poops hit the fans.
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The pullback means we're in a range, which if indeed since now near the range low therefore a rebound could be due soon if not already.
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I think it's a valid breakdown (instead of classical breakdown the reversal up) so now trend is down therefor the consolidation here favors bears.
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